GoviEx Uranium (CVE:GXU) Shares Down 3.8% - Should You Sell?

Key Points

• Shares of GoviEx Uranium Inc. (CVE:GXU) decreased by 3.8%, closing at C$0.05, with a significant drop in trading volume by 59% compared to the average.
• The company has a market cap of C$51.10 million and a PE ratio of -5.00, indicating potential financial challenges.
• GoviEx Uranium is primarily focused on the acquisition and development of uranium properties in Africa, with key projects in Niger, Zambia, and Mali.

Shares of GoviEx Uranium Inc. (CVE:GXU - ) dropped 3.8% on Thursday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 480,300 shares traded hands during trading, a decline of 59% from the average daily volume of 1,167,044 shares. The stock had previously closed at C$0.05.

GoviEx Uranium Stock Performance

The firm has a market cap of C$51.10 million, a PE ratio of -5.00 and a beta of 1.82. The firm's 50-day moving average price is C$0.06 and its two-hundred day moving average price is C$0.06.

GoviEx Uranium Company Profile

GoviEx Uranium Inc, a mineral resources company, engages in the acquisition, exploration, and development of uranium properties in Africa. The company's principal asset is the Madaouela project which holds 80% interest located in north-central Niger. It also owns 100% interest in the Muntanga project that consists of 3 mining licenses situated to the south of Lusaka, Zambia; and the Falea project, which consists of three exploration licenses located in Mali.

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